Summary by Moomoo AI
ZHESHANG SECURITIES, A NON-WHOLLY OWNED SUBSIDIARY OF ZHEJIANG HANGYONG, SIGNED A SHARE TRANSFER AGREEMENT WITH FIVE SELLERS ON MARCH 29, 2024 TO ACQUIRE A TOTAL OF 19.1454% OF THE TARGET COMPANY'S SHARES. The total transaction price was RMB 2,983,541,532.64, with a share sale price of RMB2,673 per share. Upon completion, Zhejiang Securities will hold 1,116,177,154 shares of the target company. Under the Listing Rules, the transaction constitutes a Discloseable Transaction after consolidated calculations. Shareholders and potential investors should note that certain conditions remain pending completion of the acquisition and uncertainty remains. The target company is mainly engaged in securities brokerage, underwriting and advisory services. Zhejiang Securities aims to expand its business scope and improve market competitiveness.